Delphi DigitalIn a new report, digital asset research firm Delphi Digital has shared some trends that could help predict where the Bitcoin price is headed this month. According to Delphi Digital, the Bitcoin price has risen 11% on average in the 30 days following a loss of 10% or more in 24 hours. The average returns 7 days, 14 days, and 30 days after a 10% price dip are all better than the average returns on all other days. On top of this bullish trend from the Delphi Digital report, a report from crypto prime dealer SFOX earlier in the year indicated a correlation between the holidays and upward swings in the Bitcoin price. The Bad NewsWhile the gains that usually follow a 10% drop in the Bitcoin price are worth considering, it doesn't mean that Bitcoin's downward price movement is over.

Source: Forbes October 02, 2019 02:26 UTC